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Valiant Communications posted sharply higher Q3 FY26 numbers on a low base. Consolidated revenue from operations jumped to ₹2,214.22 lakhs from ₹835.69 lakhs in Q3 FY25, while 9M FY26 revenue rose to ₹6,062.89 lakhs from ₹3,437.89 lakhs. The company swung from a loss of ₹53.26 lakhs in Q3 FY25 to a profit after tax of ₹604.83 lakhs in Q3 FY26; 9M FY26 PAT nearly tripled to ₹1,603.99 lakhs. Standalone PAT for 9M FY26 stood at ₹1,499.07 lakhs versus ₹568.43 lakhs last year. The India segment continues to drive over 90% of revenue. The board also approved the allotment of 38.14 lakh bonus shares (1:2 ratio, record date 10-Oct-2025) and the issuance of 6 lakh warrants at ₹768 each to non-promoters, of which ₹1,152 lakhs (25%) has been received. Two new directors — Garv Mohan Sood (Whole-time Executive, promoter group) and Aditya Pratap Singh (Independent Non-Executive) — were appointed subject to shareholder approval. The statutory auditor issued a clean limited review report with no qualifications.
Very strong quarter with revenue and profits more than doubling year-on-year, supported by a low base and strong domestic demand. Bonus shares and warrant-linked fund raising (potential ₹4,608 lakhs inflow) are dilutive but signal confidence. Short-term positive sentiment likely; investors should watch whether the order momentum sustains in coming quarters.